LendMN
CMM Verified
MSE: LENDPublic CompanyFinancial ServicesOverview
- Legal Name
- LendMN
- Company Type
- Public Company
- Listing
- MSE: LEND
- Industry
- Financial Services
- Founded
- 2016
- Market Cap
- MNT 116B
- CEO
- Uuganbayar Tserendorj
- Parent Group
- AND Global Pte. Ltd.
- Website
- lend.mn
- Coverage
- CMM Verified
About the Company
LendMN is a Mongolian non-bank financial institution founded in 2016 and listed on the Mongolian Stock Exchange in March 2018. Led by CEO Tserendorj Uuganbayar, the company operates from Sukhbaatar District in Ulaanbaatar and reported revenue of 56.4 billion MNT and total assets of 295.2 billion MNT. Major shareholders include 0 AND SYSTEMS LLC and LendMN NBFI JSC itself, with the company maintaining a market capitalization of approximately 116 billion MNT.
Financial Performance
| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Net Profit | 19.8B | 36.1B | 40.1B |
| Net Interest Income | 38.3B | 67B | 98.4B |
| Fee & Commission Income | 35.6B | 58.8B | 66.8B |
| Operating & Administrative Expenses | (10.3B) | (12.7B) | (17.8B) |
All figures in MNT. K = thousand, M = million, B = billion, T = trillion.Source: cmm-workbook
Ownership & Structure
Part of
Shareholders
AND SYSTEMS LLC81.16%
LENDMN NBFI JSC8.21%
AND Systems Tech LLC2.6%
Deal Insights
Pioneer Mongolian fintech NBFI with $24.25M raised across two debt facilities (Lendable, DWM), a $10M FX hedging agreement with MFX, and the world's first Customer Protection Certificate from MFR Global Rating Agency.
| Date | Amount | Investors | Funding Type | Purpose |
|---|---|---|---|---|
| Dec 19, 2025 | $4.3M | DWM | Debt | Impact lending, MSME lending |
| Apr 25, 2025 | $20M | Lendable | Debt | Women, MSME lending |
| Apr 2025 | $10M | MFX Currency Risk Solutions | Other | FX risk mitigation related to $20M Lendable debt facility |
| 2025 | Undisclosed | Micro Finance Rating (MFR) Global Rating Agency | Other | World's first fintech to receive the Customer Protection Certificate from MFR Global Rating Agency |
DocumentsSubscriber access
Investment Teasers
Executive Team
UT
CEO
Uuganbayar Tserendorj
Chief Executive Officer,
BD
Baasandorj Davaasuren
Deputy CEO
EK
Enkhjargal Kh
Chief Sales and Partnerships Officer
MK
Madono Katsuhiko
President
MG
Munkhtulga Ganbold
Chief Investment Officer
SJ
Sosor J
Chief Business Development Officer
Board of Directors
Board Chair
BK
Batsuren Khukhiisuren
Independent Board Member; Chairperson, Governance & Nomination Committee; Member, Risk & ESG Management Committee
BO
Boldbaatar Ochirsuren
Chairman of the Board; Chairperson, Risk & ESG Management Committee; Member, Governance & Nomination Committee; Member, Remuneration Committee
NS
Nergui Sandagjav
Independent Board Member; Chairperson, Audit Committee; Member, Remuneration Committee
TT
Tumentsogt Tsevegmid
Independent Board Member; Chairperson, Remuneration Committee; Member, Governance & Nomination Committee; Member, Audit Committee
Sustainability
Sustainability Outcomes
ISO 27001:2013 Info Security; AI-driven financial inclusion expanding credit access
UN SDGs
SDG 1SDG 5SDG 8SDG 9
ESG PolicyYES
Sustainability DisclosureYES
Transition / Mitigation StrategyYES
Impact TrackedYES
Impact VerifiedNO
Certifications
2X ChallengeMicroFinanza Rating: Client Protection Certification - Silver Certificate